Budget 2018-19: Focus on agriculture, MSP to be 1.5 times of cost

Feb 1 In line with the expected thrust on the farm sector in Budget 2018-19, Finance Minister Arun Jaitley on Thursday announced that the minimum support price (MSP) for all agriculture produce would be fixed at a level to ensure the farmer a minimum return of one and a half times over the production cost.

Presenting the Budget for the next fiscal, Jaitley said this measure would go a long way to realise the government's goal of doubling farmers' income by 2022.